World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Wheat markets in Argentina have started to react to the ongoing drought and its impact on the wheat planting effort. This has resulted in higher prices and bids, primarily in the local market. In the FOB market, the country is already too expensive to compete with other major exporters to any destination, so the increases will be more limited, if any. Argentina’s April wheat exports totaled just 0.19 MMT, down from 1.9 MMT the prior year and put YTD 2022/23 shipments at 2.16 MMT. By the end of April in MY 2021/22, Argentina has shipped 11.8 MMT of wheat, meaning 2022/23 YTD shipments are down 82 percent.  Last week was different from the previous several as the market started to see more nervousness about supply prospec...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed the effects of USDA’s bearish January WADSE as managed money traders expanded short positions across the ag space for the fourth straight week. Funds shed 99,000 contracts from their all-ags position last week, with selling in corn accounting for 77,000 c...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed the effects of USDA’s bearish January WADSE as managed money traders expanded short positions across the ag space for the fourth straight week. Funds shed 99,000 contracts from their all-ags position last week, with selling in corn accounting for 77,000 c...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Volatility Continues with Corn Less Supported than Soybeans

The market continues to look for a floor following Monday’s WASDE report, with soybeans and soyoil finding terra firma on a bullish NOPA report that showed crush at a near-record level. Volume was generally subdued but skyrocketed in soyoil as traders sought to get a piece of the rising a...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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